SHA:688628 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	112.54	74.09	222.89	340.93	40.79	191.36
Short-Term Investments	-	-	-	-	-	61.08
Trading Asset Securities	9.51	10	100.02	15.07	377.3	183.12
Cash & Short-Term Investments	122.05	84.09	322.91	356	418.09	435.56
Cash Growth	-68.18%	-73.96%	-9.29%	-14.85%	-4.01%	133.55%
Accounts Receivable	203.18	164.25	141.4	97.46	95.14	66.44
Other Receivables	16.02	9.94	5.78	1.62	2.99	5.09
Receivables	219.2	174.19	147.18	99.08	98.13	71.52
Inventory	496.63	480.38	370.29	291.15	238.71	311.9
Prepaid Expenses	-	-	0.35	0.19	0.35	0.18
Other Current Assets	201.57	205.63	36.08	17.89	30.68	23.02
Total Current Assets	1,039	944.28	876.82	764.3	785.97	842.18
Property, Plant & Equipment	518.76	588.64	592.94	460.03	382.16	363.39
Long-Term Investments	35.66	35.66	173.73	160	2.66	3.74
Other Intangible Assets	35.11	42.07	37.97	38.3	39.71	21.78
Long-Term Deferred Tax Assets	17.82	17.75	7.74	9.11	6.49	3.41
Long-Term Deferred Charges	14.51	15.51	2.2	0.5	-	-
Other Long-Term Assets	89.35	13.48	13.63	8.51	0.66	6.11
Total Assets	1,751	1,657	1,705	1,441	1,218	1,241
Accounts Payable	185.75	176.92	198.58	122.33	81.86	126.49
Accrued Expenses	33.29	26.23	30.09	22.69	21.02	19.98
Short-Term Debt	83.66	50.11	19.62	11.45	8.35	-
Current Portion of Long-Term Debt	7.56	7.66	5.79	0.26	0.26	0.24
Current Portion of Leases	-	-	7.38	0.98	0.26	0.56
Current Income Taxes Payable	10.06	7.43	2.98	0.92	-	0.67
Current Unearned Revenue	43.99	70.46	47.17	31.2	27.44	87.2
Other Current Liabilities	6.81	10.14	55.48	20.75	13.16	51.42
Total Current Liabilities	371.13	348.96	367.07	210.6	152.35	286.56
Long-Term Debt	2.67	2.8	79.2	37.63	3.61	3.55
Long-Term Leases	34.92	37.54	25.38	1.46	-	0.14
Long-Term Unearned Revenue	1.46	1.54	0.47	0.31	0.65	1
Long-Term Deferred Tax Liabilities	1.52	1.55	-	1.54	1.96	-
Total Liabilities	411.7	392.38	472.12	251.54	158.57	291.25
Common Stock	111.77	111.77	111.28	110.84	110.42	110
Additional Paid-In Capital	608.89	607.49	608.03	593.58	577.84	557.36
Retained Earnings	616.97	544.4	537.63	487.17	367.7	283.42
Treasury Stock	-	-	-26.08	-4.59	-	-
Comprehensive Income & Other	1.08	1.72	4.25	3.33	2.72	-1.06
Total Common Equity	1,339	1,265	1,235	1,190	1,059	949.73
Minority Interest	0.25	-0.38	-2.19	-1.1	0.4	-0.37
Shareholders' Equity	1,339	1,265	1,233	1,189	1,059	949.36
Total Liabilities & Equity	1,751	1,657	1,705	1,441	1,218	1,241
Total Debt	128.81	98.11	137.36	51.79	12.48	4.49
Net Cash (Debt)	-6.76	-14.03	185.55	304.21	405.61	431.07
Net Cash Growth	-	-	-39.01%	-25.00%	-5.91%	136.39%
Net Cash Per Share	-0.06	-0.13	1.68	2.75	3.66	4.00
Filing Date Shares Outstanding	111.64	111.77	110.54	110.55	110.42	110
Total Common Shares Outstanding	111.64	111.77	110.54	110.55	110.42	110
Working Capital	668.31	595.32	509.75	553.7	633.62	555.62
Book Value Per Share	11.99	11.32	11.17	10.77	9.59	8.63
Tangible Book Value	1,304	1,223	1,197	1,152	1,019	927.95
Tangible Book Value Per Share	11.68	10.95	10.83	10.42	9.23	8.44
Buildings	-	-	428.93	373.89	356.88	166.93
Machinery	-	-	175.16	151.52	145.75	98.15
Construction In Progress	-	-	145.76	87.42	4.05	195.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.